Chinese solar firms sour on U.S. solar cell 'antidumping' duties

Washington, D.C., May 17, 2012 — China-based companies who export solar cells, photovoltaic modules, polysilicon ingots and other materials used in solar power generation, are reacting to the U.S. Department of Commerce's preliminary decision to impose antidumping duties of 31.22 percent on crystalline silicon photovoltaic cells imported from China.

The Department of Commerce's recent rulings are preliminary findings. No final tariff decisions will be made until both the Department of Commerce and the International Trade Commission complete their investigations, which are scheduled to occur before the end of 2012.

Suntech Power Holdings, Co., which has offices in San Francisco, Switzerland and China, released the following statement:

"These duties do not reflect the reality of a highly-competitive global solar industry. Suntech has consistently maintained a positive gross margin as revenues are higher than our cost of production. We will work closely with the Department of Commerce prior to their final decision to demonstrate why these duties are not justified by fact," said Andrew Beebe, Suntech's Chief Commercial Officer.

"As a global company with global supply chains and manufacturing facilities in three countries, including the United States, we are providing our U.S. customers with hundreds of megawatts of quality solar products that are not subject to these tariffs," continued Mr. Beebe.

"Despite these harmful trade barriers, we hope that the U.S., China and all countries will engage in constructive dialogue to avert a deepening solar trade war. Suntech opposes trade barriers at any point in the global solar supply chain. All leading companies in the global solar industry want to see a trade war averted. We need more competition and innovation, not litigation," Beebe said.

Yingli Green Energy Americas, Inc., which markets solar energy technology in the U.S., released this statement:

"We felt validated after the Department of Commerce's preliminary CVD decision in March, which determined that we are not being substantially subsidized as the petitioners claim. Today's preliminary anti-dumping tariff recommendation was not unexpected given the historical tariff levels in these types of cases. We will continue to aggressively defend ourselves and remain optimistic that we will persevere in the final determination," said Robert Petrina, Managing Director of Yingli Green Energy Americas, Inc., the Company's operating subsidiary in the U.S. "The overwhelming majority of the U.S. solar industry supports access to affordable solar energy and fair market trade. We are grateful to the tens of thousands of U.S. solar installers, developers, manufacturers, and suppliers who stand behind us today."

"As we've stated before, tariffs are disruptive and destructive for the entire solar industry," said Liangsheng Miao, Chairman and Chief Executive Officer of Yingli Green Energy. "We remain fully committed to serving the U.S. market irrespective of the outcome of these proceedings, and we will continue to strive for a global, competitive marketplace."

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